Tuesday, August 11, 2020

July Laurelhurst Real Estate Summary


Kim Dales has provided this neighborhood real estate activity report for the month of July:






There continues to be multiple offers and reduced days on market due to the lack of inventory in Laurelhurst. With no more open houses, this has decreased the volume of people touring homes, but has increased the number of qualified buyers, as a potential buyer must now make an appointment with a licensed Realtor to tour a property. This has reduced the number of "just looking" buyer's to a more "motivated, qualified" buyer pool.

Laurelhurst still has an abundance of qualified buyers, but there is a  lack of listings.

For example: July 2019 - there were 19 active listings versus 6 for July 2020 which is down 69%. Median housing prices were down $70,000 from last year but this is a result of our lack of inventory.



ACTIVE LISTINGS 

Address
List Price
Beds/
Baths
Year
Built
Sq.Ft
CDOM
Price
p/sq.ft
4324 NE 42nd St
$1,490,000
4/2.25
1928
3,380
7
$440.83
3829 46th Ave NE
$1,650,000
5/3.25
1941
3,320
13
$496.99
4312 36th Ave NE
$1,920,000
5/5.5
2016
4,800
201
$400.00
3812 42nd Ave NE
$2,125,000
3/4
1947
3,300
9
$643.94
4311 55th Ave NE
$2,598,000
5/3
4,040
1938
1
$643.07
3112 E Laurelhurst Dr NE
$7,950,000
5/3.25
6,100
1913
105
$1,303.28

CONTINGENT IN JULY

Address
List Price
Beds/
Baths
Sq.Ft.
CDOM
4559 NE 41st St
$1,650,000
4/3.75
3,160
48

PENDING IN  JULY

Address
List Price
Beds/
Baths
Sq.Ft.
CDOM
4814 NE 44th St
$1,250,000
3/2
2,400
33
4111 43rd Ave NE
$1,750,000
5/2.5
2,730
7
3853 45th Ave NE
$2,125,000
5/3.25
3,660
7
*5101 NE 41st St
$2,198,000
5/2.5
4,110
2
3022 W Laurelhurst Dr NE
$2,320,000
4/3.5
3,010
2
*4208 55th Ave NE
$3,998,000
4/2.5
3,230
11
    * listed and under contract in July

SOLD IN JULY

Address
List Price
Sold Price
CDOM
Beds/
Baths
Sq.Ft
Price
 p/sq.ft
Date Sold
4516 NE 54th St
$895,000
$875,000
7
5/2.75
2,490
$351.41
7/24
4559 51st Ave NE
$1,350,,000
$1,326,000
8
4/2.5
2,280
$581.58
7/21
5040 Nicklas Pl NE
$1,395,000
$1,375,000
6
4/2.25
2,340
$587.61
7/21
4319 NE 44th St
$1,450,000
$1,450,000
5
5/3.25
2,680
$541.04
7/9
4339 NE 43rd St
$1,700,000
$1,710,000
3
4/2.75
3,374
$506.82
7/28
4750 44th Ave NE
$2,252,000
$2,100,000
18
4/3.25
4,439
$473.08
7/9
3827 49th Ave NE
$2,350,000
$2,300,000
73
5/3.75
3,240
$709.88
7/23
Averages

$1,590,857
17


$535.92












Median Sales Price = $1,450,000
CDOM = Cumulative Days on Market

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